Cameco’s Earnings Down in 2nd Quarter
Thursday, August 04, 2011 at 14:19
Cameco has released its numbers from April, May and June, and they show an almost 25 per cent decline in profits from the previous three months.
The uranium mining company says revenue was down 22 per cent in the second quarter, while net earnings experienced a 23 per cent decrease.
Cameco attributes much of the drop to lower uranium sales volumes.
The company also says the decline was anticipated and expects most of its profits this year to come in the last six months.